Squawk! Is Bird Flu back?

If initial reports are to be believed, Influenza A (H7N9) is moving fast in China: The World Health Organization reported 11 cases and five deaths as of Thursday morning our time, and is continuing to monitor the situation and post updates. Will there be more cases? Is this just a minor outbreak of disease in a far off place or the ominous sign that we are on the verge of a dangerous pandemic?

There are no answers to these questions—we can only watch and prepare.